Saturday, March 10, 2012

Perhaps there is no other effective government strategy to keep people
from realizing the truth other than twisting the real definition of
inflation.

The current definition of inflation so prevalent today is: rise in prices of goods and services (as caused by some economic factors, like money supply).

Interestingly, that's not the original definition. For a long time since
the earliest definition of inflation, it was well accepted that the meaning
is the increase in money supply, which results to rise in commodity
prices and decrease in the purchasing power of money.